Vale SA (ADR) (VALE) was Upgraded by JP Morgan to ” Overweight”. Earlier the firm had a rating of “Neutral ” on the company shares. JP Morgan advised their investors in a research report released on Sep 12, 2016.
Many Wall Street Analysts have commented on Vale SA (ADR). Vale SA (ADR) was Upgraded by JP Morgan to ” Overweight” on Sep 12, 2016. Company shares were Reiterated by RBC Capital Mkts on Sep 8, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 6 from a previous price target of $5.50 .Vale SA (ADR) was Upgraded by Morgan Stanley to ” Overweight” on Aug 9, 2016.
Vale SA (ADR) closed down -0.08 points or -1.40% at $5.64 with 19,978,316 shares getting traded on Wednesday. Post opening the session at $5.54, the shares hit an intraday low of $5.53 and an intraday high of $5.65 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Vale S.A. (Vale) is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets and nickel. The Company also produces manganese ore ferroalloys metallurgical and thermal coal copper platinum group metals (PGMs) gold silver cobalt potash phosphates and other fertilizer nutrients. The Company operates through four business segments: Bulk Material Base metals Fertilizers and Other. The Bulk Material segment includes the production and extraction of ferrous minerals and the extraction of coal and its logistic services (railroads ports and terminals). The Base metals segment produces and extracts non-ferrous minerals. The Fertilizers segment produces three groups of nutrients such as potash phosphate and nitrogen. The Other segment includes sales and expenses of other products services and investments in joint ventures and associate in other businesses.